Physical Identity and Access Management Market, June 2021 Report On Report 2021: Technology, Application, Types, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Analysis 2021-2030

In a recently published report, Physical Identity and Access Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Physical Identity and Access Management Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Physical Identity and Access Management Market is valued approximately at USD 690.9 million in 2019 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2020-2026. Physical identity and access management (PIAM) is software that offers management platform for the access and authentication of employees, contractors, visitors, and partners to organizational infrastructure. PIAM detects the outside threats such as unauthorized users and face the problem of lower productivity, lack of information security and evaluation of regulatory compliance.

The rising adoption of physical identity and access management in various applications such as Government & Defense, Energy & Utilities, Information Technology & IT-Enabled Services, Telecom, Banking, Financial Services and Insurance, Healthcare, Education, Transportation etc. will boost the demand in the market.  The future-proofing security operations and stringent security compliances and Government Regulations are the few factors responsible for growth of the market over the forecast period. Furthermore, surge in demand for cloud-based Physical Identity and Access Management among small- & medium-sized businesses and increase in awareness about numerous benefits provided by this software seems to be opportunity for market key players to expand their business, will likely to propel the growth of this market.

For instance: as per company’s news release in September 2017, HID Global launched Quantum Secure SAFE Enterprise, an off-the-shelf addition to its SAFE Physical Identity and Access Management (PIAM).  Quantum Secure SAFE Enterprise manage all of organization’s identity types at lower cost and there will not be any need to purchase a separate standalone product. However, lack of awareness about advanced security solutions is the major factor restraining the growth of global Physical Identity and Access Management market during the forecast period.

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The regional analysis of global Physical Identity and Access Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the geographical presence, strategic investments, partnerships, and significant Research and Development (R&D) activities are contributing to the hefty deployments of physical identity and access management solutions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:
HID Global (Quantum Secure)
AlertEnterprise
IDCUBE Identification Systems
Micro Focus
OKTa Inc.
Access Security Corporation
Gemalto
The International Business Machines Corporation (IBM)
Oracle
Amazon Web Services  (AWS)
Avatie

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Software
Services

By Service:
Consulting
Implementation & Integration
Maintenance & Support

By Organization Size:
Small & Medium-Sized Enterprises
Large Enterprises

By Vertical:
Government & Defense
Energy & Utilities
Information Technology & IT-Enabled Services
Telecom, Banking
Financial Services and Insurance
Healthcare
Education
Transportation
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Physical Identity and Access Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Physical Identity and Access Management Market, by Region, 2018-2026 (USD Billion)
1.2.2. Physical Identity and Access Management Market, by Component, 2018-2026 (USD Billion)
1.2.3. Physical Identity and Access Management Market, by Service, 2018-2026 (USD Billion)
1.2.4. Physical Identity and Access Management Market, by Organizational Size, 2018-2026 (USD Billion)
1.2.5. Physical Identity and Access Management Market, by Vertical, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Physical Identity and Access Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Physical Identity and Access Management Market Dynamics
3.1. Physical Identity and Access Management Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Physical Identity and Access Management Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Physical Identity and Access Management Market, by Component
5.1. Market Snapshot

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